Forex & Stock Trading with BB-Oschillator Trading Strategy

Let me introduce you to a Bollinger Bands Indicator-based trading strategy called the ‘Stochastic Bollinger Bands Trading Strategy.’ This strategy combines Moving Average, Stochastic Oscillator, and Bollinger Bands.

The power of this strategy lies in its combination of Bollinger Bands’ fundamental principles with the Oversold and Overbought signals of the stochastic oscillator. This blend provides us with trading signals that offer higher profitability and reliability.

• Download “ForexWOT-BBStochasticSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT-BBStochasticSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT-BBStochasticSystem” trading system and strategy.
• You will see the “ForexWOT-BBStochasticSystem” is available on your Chart.

As we’ve observed together, this trading strategy has proven to be exceptionally powerful. It is straightforward to comprehend, easy to implement, and boasts a high probability of success.

• The price breaks above the 20-period SMA. However, this signal is considered valid only if there has been a prior bullish trend.
• The second confirmation is determined by the formation of the next candle. If the opening of the next candle is above the 20-period SMA, then a strong bullish trend has truly formed.
• The stochastic line cross above level 25.
• he stochastic line above the 10-period SMA and Upper Bollinger Bands.

• The price breaks below the 20-period SMA. However, this signal is considered valid only if there has been a prior bearish trend.
• The second confirmation is determined by the formation of the next candle. If the opening of the next candle is below the 20-period SMA, then a strong bearish trend has truly formed.
• The stochastic line cross below level 75.
• he stochastic line below the 10-period SMA and lower Bollinger Bands.

Bollinger Bands can be found on most trading platforms, including Metatrader4 (MT4) and Metatrader5 (MT5), with default parameters of SMA: 20 periods and standard deviation: 2.

To apply it in MT4 and MT5, go to the Insert menu >>> Indicators >>> Trend >>> Bollinger Bands. Once applied to the chart,